Value

[Tim Ayers]

Originally Posted by Newc

My 33 5w had a light wreck [in a ditch] and Hagerty tried to total it for $19K !! I said no thanks and they refused to pay for repairs. It was all done by their 'adjuster'. Newc

If you don't mind, can you tell us more about your policy? That sounds like a real bummer.

With Hagerty, I have an agreed upon value and I will also receive the car back if it is totaled. These were "extras" to my premium, but it all still comes in under $400 a year.

[tubman]

Yeah, as a Hagerty customer, this troubles me. More details please.

[47topless]

Another problem with this, if your vehicle is totaled, the title is now scarred for life.

[Tim Ayers]

Originally Posted by 47topless

Another problem with this, if your vehicle is totaled, the title is now scarred for life.

From what I understand, this is a fairly easy work around with how many "historical documents" are available for sale.

[tubman]

This is important. I really need to know what "Newc" went through. I left "Condon & Skelly" because I couldn't get a read on their handling of a claim. Many said that Hagerty did what was promised. If this is not the case, we need to know.

[Tim Ayers]

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Originally Posted by tubman

This is important. I really need to know what "Newc" went through. I left "Condon & Skelly" because I couldn't get a read on their handling of a claim. Many said that Hagerty did what was promised. If this is not the case, we need to know.

Agree 100%. I hope he reports back.

[RGC1]

I would also like to know as I do appraisals and many for them in my area.

[ronn]

Phaetons have dropped off over the last 10 years
I have a 35 and it has little value in its current state. A fella on FB has been trying to sell a nice running 35 phaeton and started at 28k. He is down to 19k and I believe it can be bought for 17k.
I have toyed with dumping mine and buying his, but I dont need anymore cars. Its in New England on FB. Needs a top, but a nice driver.
PS I have a beautiful top for it!

[Brendan]

I say its worth what you can get for it. Meahm sold a Chevy chevett for 35 grand, way to much money for that car i saw one on line for 6500 bucks

[tubman]

"Newc"? All I hear are crickets.

[38 coupe]

I am on the appreciative end of the drop in prices. Now thanks to being in that prime age bracket and prices have dropped I can afford to buy a 38 Phaeton and a 38 Ford coupe. 10 years ago I couldn't afford either one, much less both.

[47topless]

Good for you. One of my favorite Ford grills on that Phaeton. Am I correct to identify the Phaeton as the Deluxe and the coupe as the Standard? I assume the number of taillights is also a clue.

[GB SISSON]

Originally Posted by 38 coupe

I am on the appreciative end of the drop in prices. Now thanks to being in that prime age bracket and prices have dropped I can afford to buy a 38 Phaeton and a 38 Ford coupe. 10 years ago I couldn't afford either one, much less both.

An extremely handsome pair of automobiles. Can we get a side view of them? 7.50 x 16s on the rear of the coupe?

[petehoovie]

Originally Posted by 38 coupe

I am on the appreciative end of the drop in prices. Now thanks to being in that prime age bracket and prices have dropped I can afford to buy a 38 Phaeton and a 38 Ford coupe. 10 years ago I couldn't afford either one, much less both.

[Gene1949]

Originally Posted by tubman

"Newc"? All I hear are crickets.

Me too. As a Hagerty customer his statement is kinda important. From what little I understand they sell an "assigned value" policy. I think (ya right) the industry "norm" is they like to total a rig around 65% of value. Perhaps he didn't place enough value on his car when he signed up (just speculating).
Anyways, he could do all of us a favor by giving some particulars

[38 coupe]

Originally Posted by 47topless

Good for you. One of my favorite Ford grills on that Phaeton. Am I correct to identify the Phaeton as the Deluxe and the coupe as the Standard? I assume the number of taillights is also a clue.

The Phaeton is a deluxe, as were all open cars made in the USA by Ford in 1938 (the Aussies were doing interesting things with their open cars). My wife wanted a convertible, and I like four door sedans, so we both got what we wanted.
The coupe is a standard. I really like 38 Ford coupes, and wanted a standard since the Phaeton is a deluxe.

Originally Posted by GB SISSON

An extremely handsome pair of automobiles. Can we get a side view of them? 7.50 x 16s on the rear of the coupe?

Ask and you shall receive (but only when I already have the pictures).
Picture of the Phaeton in front of a field with Texas bluebonnets, and a picture of the coupe the day I bought it. The coupe has a lowered front end, 15 inch wheels, and a terrible hydraulic brake conversion with 5.5 bolt pattern wheels. I happen to have another 38 standard coupe that only needs almost everything except the front suspension I already swapped under it. Some time in the not too distant future will find both cars side by side with parts being traded between the two coupes. I will end up with factory cable brakes (I know, most people go the other way) with correct height and proper wheels & hubcaps.

[tubman]

Originally Posted by Gene1949

Me too. As a Hagerty customer his statement is kinda important. From what little I understand they sell an "assigned value" policy. I think (ya right) the industry "norm" is they like to total a rig around 65% of value. Perhaps he didn't place enough value on his car when he signed up (just speculating).
Anyways, he could do all of us a favor by giving some particulars

When I looked, I could find no reference to "assigned value", only "agreed value" and "stated value", which were discussed above. If you have an "agreed value" policy, the amount they will pay you is printed in the policy document. If you don't think it is enough, take it up with your insurance company, NOW. (If you wait until you have a claim, you will be at a disadvantage.) I think you may be referring to "stated value" that takes depreciation and other factors into consideration, which leaves you at the mercy of the insurance company in the case of a claim.

Since we haven't heard back from "Newc", I have come to the conclusion that his experience was an anomaly that we need not concern ourselves with. Every other Hagerty customer making a claim I have heard of was completely satisfied with their performance. I have heard that they offer something called "Cherished Coverage". It costs very little and if your car is totaled you get the full amount of the agreed upon insured value AND you get to keep the car if you so desire. It sounds like a desirable feature.

What it all boils down to is that as the owner of a desirable valuable car, you have the responsibility of knowing exactly the kind of coverage you have.

[Tim Ayers]

Originally Posted by tubman

When I looked, I could find no reference to "assigned value", only "agreed value" and "stated value", which were discussed above. If you have an "agreed value" policy, the amount they will pay you is printed in the policy document. If you don't think it is enough, take it up with your insurance company, NOW. (If you wait until you have a claim, you will be at a disadvantage.) I think you may be referring to "stated value" that takes depreciation and other factors into consideration, which leaves you at the mercy of the insurance company in the case of a claim.

Since we haven't heard back from "Newc", I have come to the conclusion that his experience was an anomaly that we need not concern ourselves with. Every other Hagerty customer making a claim I have heard of was completely satisfied with their performance. I have heard that they offer something called "Cherished Coverage". It costs very little and if your car is totaled you get the full amount of the agreed upon insured value AND you get to keep the car if you so desire. It sounds like a desirable feature.

What it all boils down to is that as the owner of a desirable valuable car, you have the responsibility of knowing exactly the kind of coverage you have.

Yes, I have cherished coverage. I believe it was like $30 extra, but I get the car back if they total it.

[petehoovie]

Originally Posted by 38 coupe

The Phaeton is a deluxe, as were all open cars made in the USA by Ford in 1938 (the Aussies were doing interesting things with their open cars). My wife wanted a convertible, and I like four door sedans, so we both got what we wanted.
The coupe is a standard. I really like 38 Ford coupes, and wanted a standard since the Phaeton is a deluxe.


Ask and you shall receive (but only when I already have the pictures).
Picture of the Phaeton in front of a field with Texas bluebonnets, and a picture of the coupe the day I bought it. The coupe has a lowered front end, 15 inch wheels, and a terrible hydraulic brake conversion with 5.5 bolt pattern wheels. I happen to have another 38 standard coupe that only needs almost everything except the front suspension I already swapped under it. Some time in the not too distant future will find both cars side by side with parts being traded between the two coupes. I will end up with factory cable brakes (I know, most people go the other way) with correct height and proper wheels & hubcaps.

The 'Standard' is so much more stylish than the 'Deluxe'...

[Jeff/Illinois]

Originally Posted by Newc

My 33 5w had a light wreck [in a ditch] and Hagerty tried to total it for $19K !! I said no thanks and they refused to pay for repairs. It was all done by their 'adjuster'. Newc

I am also a Hagerty customer, and would like to hear more of the details here.

I guess I wasn't aware of 'cherished value' that some have written about I better review my policy

I've never really heard of anyone having problems with Hagerty or even Grundy....


I just now read about the Cherished Value coverage it said the cost is 15% of the comp and collision cost....